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Richey Inc. had the following budget information for 2019: Budgeted Quantity Budgeted Price Direct materials 0.25 pounds $15 per pound Direct labor 0.20 hours $20
Richey Inc. had the following budget information for 2019: Budgeted Quantity Budgeted Price Direct materials 0.25 pounds $15 per pound Direct labor 0.20 hours $20 per hour In the month of September, Richey Inc. manufactured and sold 10,000 plastic bins. Richey Inc. used 2000 pounds of material costing $31,000 and spent $22,800 on direct labor at an average rate of $19/hour. What is the direct labor efficiency variance during September? $16,000 favorable O $15,200 unfavorable $15,200 favorable $14,000 favorable
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